A new study of the impact of rising gasoline prices on consumer spending shows that gasoline prices of $4.25 per gallon could cut estimated 2012 retail sales growth from its current 5.7% pace to an anemic 2.3%.

The latest suit filed against the Environmental Protection Agency over it’s latest rule allowing the sale of E15 gasoline was filed by the National Petrochemical and Refiners Association Monday, according to the Seattle Times.